BARRICK GOLD CORP (GOLD) Stock Technical Analysis
NYSE:GOLD - New York Stock Exchange, Inc. - CA0679011084 - Common Stock - Currency: USD
Overall GOLD gets a technical rating of 8 out of 10. GOLD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
GOLD has an average volume of 22594900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, GOLD did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
GOLD is part of the Metals & Mining industry. There are 150 other stocks in this industry, GOLD did better than 64% of them.
GOLD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GOLD is lagging the market slightly.
In the last month GOLD has a been trading in the 16.46 - 19.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GOLD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.08
19.01
When analyzing the support we notice one important area.
- A support zone ranging from 15.23 to 15.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 18.16 to 18.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.01
Mansfield-0.28
10 Day High19.16
10 Day Low17.28
20 Day High19.16
20 Day Low16.46
52 Week High21.35
52 Week Low15.11
Performance
1 Week-1.88%
2 Weeks-3.43%
1 Month7.07%
3 Month5.72%
6 Month-6.68%
12 Month12.5%
2 Year-4.52%
3 Year-27.72%
5 Year-3.22%
10 Year53.57%
15 Year38.46%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.11
RSI(14)52.8
LBB17.46
UBB18.9
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.18 | 17.27 | 0.90 (4.98%) | 20.09% |
| An entry @18.18. This is a Buy Stop order right above the 10 day moving average. | An exit @17.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.90 points, which is 4.98%. | For a 1.00% total portfolio risk, you can invest 20.09% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GOLD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
17.73
+0.04 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.23%
1 Week-1.88%
2 Weeks-3.43%
1 Month7.07%
3 Month5.72%
6 Month-6.68%
12 Month12.5%
2 Year-4.52%
3 Year-27.72%
5 Year-3.22%
10 Year53.57%
15 Year38.46%
Volatility
ATR(14)0.62
ATR(20)%3.22%
ATR Inc-8.14%
Range Today0.55
ADR(20)0.51
ADR(20)%2.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.01
Mansfield-0.28
10 Day High19.16
10 Day Low17.28
20 Day High19.16
20 Day Low16.46
52 Week High21.35
52 Week Low15.11
CS1 End15.66
CR1 Start18.16
Volume & EV
DER(3)2.21%
DER(5)2.68%
Volume24.96M
Volume Incr7%
Vol(5)28.75M
Vol(50)22.59M